Question and answer
If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the
loan? Answer: $140,000.00 x .03 x 5 years
If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, the interest you will owe at the end of 5 years is $21,000. 140,000*.03*5=21,000
Get an answer
Original conversation
User: If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the loan? Answer: $140,000.00 x .03 x 5 years

Weegy: For simple interest the formula is I=Prt I=500,000*.145*10 I=725,000 $500,000.00 at 14.5% simple interest for ten year - the interest is $725,000.
Expert answered|reign_23|Points 0|

Question
Asked 1/1/2013 10:20:43 AM
Updated 1/1/2013 11:58:49 AM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by debnjerry
New answers
Rating
3
If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, the interest you will owe at the end of 5 years is $21,000.
140,000*.03*5=21,000
Added 1/1/2013 11:58:49 AM
This answer has been added to the Weegy Knowledgebase
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
What is 9 /2/3 - 6 1/2 in a mixed numeral?
Weegy: 9 2/3 - 6 1/2 = 58/6 - 39/6 = 19/6 = 3 1/6 (More)
Question
Expert Answered
Asked 12/31/2012 12:45:36 PM
0 Answers/Comments
The value of a property declines every year by 6%. Presently, its value is $50,000. What will be its value 2 years from now
Weegy: The value after 2 years would be 524.29. (More)
Question
Expert Answered
Updated 1/1/2013 10:23:12 AM
1 Answer/Comment
The value of a property declines every year by 6%. Presently, its value is $50,000. 2 years from now, it's value will be $44,180.
Added 1/1/2013 10:23:12 AM
This answer has been added to the Weegy Knowledgebase
A company produces 230 cars. It wants to increase production 5%. How many cars will it produce?
Weegy: 230 * 1.05 = 241.5. If production increased by 5%, the company would produce 242 cars (rounded). (More)
Question
Expert Answered
Asked 12/31/2012 1:59:14 PM
0 Answers/Comments
If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the loan?
Weegy: For simple interest the formula is I=Prt I=500,000*.145*10 I=725,000 $500,000.00 at 14.5% simple interest for ten year - the interest is $725,000. (More)
Question
Expert Answered
Asked 1/1/2013 10:22:47 AM
0 Answers/Comments
25,056,267 questions answered
Popular Conversations
The payment of accounts payable would A. increase both assets and ...
Weegy: The payment of accounts payable would decrease assets and increase liabilities. User: An expense should be ...
5/4/2016 8:26:28 AM| 2 Answers
Public schools in America during the late 1800s wanted immigrants to ...
Weegy: A and plz rate me good
5/4/2016 1:07:23 PM| 2 Answers
What are the major bodies of water in Central Asia?
Weegy: bays, canals, channels, falls, gulfs, lakes, oceans, rivers, seas and straits are the major bodies of water . ...
5/4/2016 3:36:37 PM| 2 Answers
What was the first armed conflict of the Cold War? A. the Korean ...
Weegy: A) love of labor User: What was the outcome of the Vietnam War? A. South Vietnam became democratic. B. The ...
5/4/2016 9:15:47 PM| 2 Answers
what is a gong?
5/5/2016 7:07:26 AM| 2 Answers
Weegy Stuff
S
Points 202 [Total 202] Ratings 8 Comments 122 Invitations 0 Online
S
Points 152 [Total 152] Ratings 2 Comments 122 Invitations 1 Online
S
1
L
L
P
R
P
L
P
P
R
Points 139 [Total 12391] Ratings 2 Comments 119 Invitations 0 Online
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
L
P
P
P
Points 37 [Total 3414] Ratings 0 Comments 37 Invitations 0 Offline
S
R
Points 10 [Total 732] Ratings 0 Comments 10 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 3 [Total 178] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 1 [Total 48] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.